Here I have explained the basic concept of Financial Statements for Sole Proprietorship in a simple way.

After watching this video you will understand Trading A/c, Profit and Loss A/c and Balance Sheet.

This chapter is also called as Final Accounts.

⏱TIMESTAMPS
00:00 - Concept
06:16 - Accounting Process

This video is especially for Class 11 students.

Next Video: Trading Account
https://youtu.be/hPsGLlZ1PwY?si=6H-1XS9l3SDXu_Sn

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